SALISBURY, 3/5 Minster Street
Prime Central Salisbury Investment Opportunity
Offers Invited in Excess of £500,000
LOCATION
Situated opposite the historic Poultry Cross, the property is located in Salisbury’s main retail area and benefits from a high amount of footfall with major landmarks such as Salisbury Cathedral and the bustling marketplace nearby. Salisbury railway station is just a 10-minute walk to the west, providing South Western Railway and Great Western Railway services to London, Bristol and Exeter. Nearby occupiers include Seasalt, Caffe Nero, Boston Tea Party, Giggling Squid & L’occitane.
Offers are invited in excess of £500,000
This reflects a NIY of 6.2% (assuming purchasers’ costs of 5.5%).
ACCOMMODATION
The Grade II* listed property is spread across basement to 3rd floor.
The head tenant occupies accommodation across part of the front 1st floor with residential space on service tenancies on the 2nd and 3rd floors accessed through the pub. The subtenant occupies ground, basement and part of the rear 1st floor.
The approximate floor areas are as follows:
Basement (sub-let) 195 sq ft / 18.12 sq m
Ground Floor (sub-let) 484.5 sq ft / 45.02 sq m
First Floor (sub-let) 230 sq ft / 21.37 sq m
First Floor 530.5 sq ft / 49.29 sq m
2nd /3rd floor Residential Service Tenancy Only
Total 1,440 sq ft / 133.8 sq m
RATES 2023/24
Unit 1
Rateable Value: £90,500
Rates payable (UBR multiplier: £0.544): £49,232
Unit 2
Rateable Value: £49,250
Rates payable (UBR multiplier: £0.511): £25,167
A business may be entitled to 75% off the chargeable amount, up to a figure of £110,000, from 1 April 2023 to 31 March 2024. All interested parties should verify the business rates with the
relevant local authority.
VIEWING
By appointment with sole agents Stephen Kane & Company.
Ewan Stacey
es@stephenkane.co.uk | +44(0)7415 336 490
Alex Robinson
ar@stephenkane.co.uk | +44(0)7594 715 757
Robin Burn
rb@stephenkane.co.uk | +44(0)7771 627 343
Other Agents
Map
